what’s a personal check

You may have discovered that many people have stopped writing personal checks.  The dawn of debit/credit cards, online payments, quick pay and ACH (automated clearing house) have all but vanished the need to write personal checks.

When was the last time you balanced a checkbook? Look in the mirror you know the answer to that questions. How often do you over-draw your account?

There is something important you should know; when using your debit card, not all transactions are deducted immediately from your account. There will be times when a transaction may be pending. There are also times information is not transmitted right away. A charge can drop off your checking account screen and reappear because there are businesses using what’s called “an old batching system” for transmitting charges. A good rule of thumb is to remember what you charge with the knowledge that the vendor will get paid. Make a commitment to yourself to reduce banking overdrafts if at the very least, reduce by one each month.

If you don’t have a banking relationship, try purchasing a pre-paid/reloadable charge card to use for bill paying; this can reduce the fees you pay for getting multiple money orders. Also by using a reloadable card, one can improve their safety as it relates to carrying large amounts of cash.

Stay tuned as the money maze continues; there is sure to be a topic of interest that will benefit you.

Come let’s Tackle The Beast-Get Cents Get Paid! Let’s do it together!